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Mueller Industries, Inc. (MLI) Reaches $26.32 1 Year Low; Freestone Capital Holdings Has Upped Its Taiwan Semiconductor Mfg LTD (TSM) Position

Freestone Capital Holdings Llc increased Taiwan Semiconductor Mfg Ltd (TSM) stake by 9.2% reported in 2017Q3 SEC filing. Freestone Capital Holdings Llc acquired 23,165 shares as Taiwan Semiconductor Mfg Ltd (TSM)’s stock rose 8.84%. The Freestone Capital Holdings Llc holds 274,990 shares with $10.33M value, up from 251,825 last quarter. Taiwan Semiconductor Mfg Ltd now has $209.29B valuation. The stock increased 2.75% or $1.11 during the last trading session, reaching $41.47. About 10.59 million shares traded or 62.02% up from the average. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has risen 51.40% since February 11, 2017 and is uptrending. It has outperformed by 34.70% the S&P500.

The stock of Mueller Industries, Inc. (NYSE:MLI) hit a new 52-week low and has $23.95 target or 9.00% below today’s $26.32 share price. The 7 months bearish chart indicates high risk for the $1.52 billion company. The 1-year low was reported on Feb, 11 by Barchart.com. If the $23.95 price target is reached, the company will be worth $136.89M less. The stock increased 2.29% or $0.59 during the last trading session, reaching $26.32. About 531,028 shares traded or 153.46% up from the average. Mueller Industries, Inc. (NYSE:MLI) has risen 3.10% since February 11, 2017 and is uptrending. It has underperformed by 13.60% the S&P500.

Among 8 analysts covering Taiwan Semiconductor Manufacturing (NYSE:TSM), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Taiwan Semiconductor Manufacturing had 15 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) has “Buy” rating given on Monday, January 22 by Goldman Sachs. The firm has “Outperform” rating given on Friday, December 11 by Credit Suisse. HSBC upgraded the stock to “Buy” rating in Tuesday, January 16 report. Susquehanna upgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Tuesday, October 4 to “Neutral” rating. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, November 27. HSBC downgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Thursday, October 13 to “Hold” rating. The firm has “Hold” rating given on Thursday, January 18 by Susquehanna. On Wednesday, June 21 the stock rating was downgraded by HSBC to “Hold”. As per Friday, October 14, the company rating was upgraded by Pacific Crest. J.P. Morgan upgraded Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) on Tuesday, October 10 to “Buy” rating.

Freestone Capital Holdings Llc decreased Visa Inc (Call) (NYSE:V) stake by 8,742 shares to 1,500 valued at $158,000 in 2017Q3. It also reduced Jpmorgan Chase & Co (NYSE:JPM) stake by 5,021 shares and now owns 14,663 shares. Conocophillips (Call) (NYSE:COP) was reduced too.

Mueller Industries, Inc. manufactures and sells copper, brass, aluminum, and plastic products in the United States, the United Kingdom, Canada, Asia, and Mexico. The company has market cap of $1.52 billion. The Company’s Piping Systems segment makes copper tubes and fittings, plastic fittings, line sets, and components for use in water distribution system, heating system, air-conditioning, and refrigeration applications, as well as for drainage, waste, and vent systems. It has a 17.66 P/E ratio. It also makes steel pipe nipples; and resells imported brass and plastic plumbing valves, malleable iron fittings, faucets, and plumbing specialty products.

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